Bitcoin Cash (BCH) has continued its downward move as BCH slumped to a $548 low. As BCH fell to a $548 low, the crypto’s price resumed fluctuation between $548 and $600.
The selling pressure of Bitcoin Cash will resume if the price breaks below the $548 support level. That is, the market will decline to the next support at $450.
Conversely, if the current upward correction breaks above $660, and the bullish momentum is sustained, the downtrend is presumed to be over. Meanwhile, for the past two days, the crypto has been fluctuating between $548 and $600. The crypto is trading at $588 at the time of writing.
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